Common use of Cost Information Clause in Contracts

Cost Information. Operator shall, within one-hundred twenty (120) days after completion of a Non-Consent Well, furnish the Non-Participating Parties an itemized statement of the cost of such well prepared in accordance with Exhibit "C" or copies of the monthly xxxxxxxx made to the Participating Parties. Operator shall thereafter furnish to the Non-Participating Parties a quarterly statement showing operating expenses and the proceeds from the sale of Petroleum Substances produced therefrom.

Appears in 2 contracts

Samples: Letter Agreement, Joint Operating Agreement (West Texas Resources, Inc.)

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Cost Information. Operator shall, within one-one hundred twenty (120) days after completion of a Non-Consent Well, furnish the Non-Participating all other Parties an itemized with a statement of the cost of such well costs prepared in accordance with Exhibit "C" or copies with a copy of the monthly xxxxxxxx made billing furnished to the Participating Parties. The Parties shall keep such cost information confidential. Operator shall thereafter furnish to the Non-Participating all Parties a quarterly monthly statement showing operating expenses and the proceeds from the sale of Petroleum Substances produced therefromproduction from the well for the preceding month.

Appears in 2 contracts

Samples: Offshore Operating Agreement (Ridgewood Enengy K Fund LLC), Offshore Operating Agreement (Ridgewood Energy L Fund LLC)

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